Pacific Wealth Strategies Group Inc. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,368 shares of the computer hardware maker’s stock after buying an additional 360 shares during the period. Pacific Wealth Strategies Group Inc.’s holdings in NVIDIA were worth $934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Nuveen Asset Management LLC raised its holdings in NVIDIA by 2,475.9% during the second quarter. Nuveen Asset Management LLC now owns 3,002,209 shares of the computer hardware maker’s stock worth $493,052,000 after buying an additional 2,885,660 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of NVIDIA by 22,776.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 883,719 shares of the computer hardware maker’s stock worth $88,372,000 after acquiring an additional 879,856 shares in the last quarter. FMR LLC grew its stake in shares of NVIDIA by 1.8% in the 1st quarter. FMR LLC now owns 49,860,097 shares of the computer hardware maker’s stock worth $8,952,880,000 after acquiring an additional 858,116 shares in the last quarter. Jennison Associates LLC grew its stake in shares of NVIDIA by 10.6% in the 2nd quarter. Jennison Associates LLC now owns 8,690,058 shares of the computer hardware maker’s stock worth $1,427,168,000 after acquiring an additional 832,508 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth $101,986,000. Hedge funds and other institutional investors own 64.38% of the company’s stock.

Several analysts have recently issued reports on NVDA shares. Needham & Company LLC reiterated a “sell” rating on shares of NVIDIA in a research note on Friday, August 16th. Sanford C. Bernstein set a $150.00 target price on shares of NVIDIA and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Friday, August 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $180.00 target price (up previously from $170.00) on shares of NVIDIA in a research note on Friday, August 16th. Finally, Cascend Securities upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $189.45.

In other NVIDIA news, Director Michael G. Mccaffery sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $165.97, for a total transaction of $2,489,550.00. Following the sale, the director now directly owns 27,579 shares of the company’s stock, valued at $4,577,286.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 31,357 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $179.01, for a total transaction of $5,613,216.57. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,883 shares of company stock worth $12,042,217. Insiders own 4.64% of the company’s stock.

NVDA traded up $3.10 during trading on Wednesday, hitting $180.33. 124,314 shares of the company traded hands, compared to its average volume of 12,365,371. The firm has a market cap of $110.15 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 4.68 and a beta of 2.05. The stock’s fifty day moving average is $174.05 and its 200 day moving average is $167.79. The company has a quick ratio of 7.74, a current ratio of 8.65 and a debt-to-equity ratio of 0.24. NVIDIA Co. has a one year low of $124.46 and a one year high of $268.76.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.37. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The firm’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, equities research analysts forecast that NVIDIA Co. will post 4.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, August 28th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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